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Strategies & Market Trends : LastShadow's Position Trading

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To: AlienTech who wrote (30217)	2/3/2000 2:28:00 PM
From: John J H Kim	Read Replies (1) of 43080

Is this a joke?: 13:51 ET World Wrestling Federation Entertainment (WWFE) 12 3/16 -4 5/16 (-26%): Wit Capital cuts stock from OUTPERFORM to VENTURE based on the company's plans to start a new pro football league, the XFL, complete with flashy uniforms and acceptable sideline disagreements. Initial investment causes Wit to lower their FY01 EPS estimate from $0.81 to $0.59. Merrill Lynch also downgrades from LT BUY to ACCUMULATE. It would be interesting to see what they mean by "acceptable sideline disagreements"...

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